Short Term Disability |
|
| Salary Replacement | 60%, $1400 Maximum Weekly Benefit. Must exhaust sick leave. |
| Waiting Period | 14 Days for Injury, 28 Days for Illness, including Pregnancy |
| Employee Cost | Varies by Age and Salary, 100% Employee funded |
| Vendor |
Dearborn National |
Long Term Disability |
|
| University Provided | 60% Salary Replacement, $5000 Monthly Benefit Maximum. Benefit Pays after 6 month waiting period from last day worked. Must exhaust sick leave. |
| Supplemental Option | 70% Salary Replacement, $6000 Monthly Benefit Maximum. Benefit pays after 6 month waiting period from last day worked. Must exhaust Sick Leave. |
| Employee Cost | 60% Option: $0, 100% University Funded. 70% Option: Varies. Employee pays difference between 60% and 70% option. Cost varies by Salary. |
| Vendor | United Healthcare |
Life Insurance |
|
| University Provided | Two Times Your Annual Salary. Maximum $100,000 |
| Accelerated Benefit |
Available if diagnosed as terminally ill (12 months or less life expectancy) Contact Minnesota Life for details. |
| Supplemental Options | Employees may purchase 1 to 5 times their annual salary up to $500,000 without an "evidence of insurabilty" medical exam. Costs varies by age and salary |
| Vendor | Minnesota Life |
Accidental Death and Dismemberment Insurance |
|
| University Provided | Two Times Your Annual Salary Maximum $100000 |
| Vendor | Minnesota Life |